Becky Nelson – Page 6

Will the CFPB regulate Wal-Mart?

Bankers may not be squaring off against Wal-Mart in regard to the Consumer Financial Protection Bureau, but they will be watching to see how and when the retailer will fall under the Bureau’s oversight.

ABA Casts Dire Warning About Proposed Mortgage Rules

“Piecemeal regulation” under Dodd-Frank is, and will continue to be, so costly and unsustainable that community banks must examine whether they can continue to offer certain products and services – particularly in the mortgage lending area.

Back to business as usual for Elizabeth Warren?

Is Elizabeth Warren still considering a Senate run? That’s the question pundits are asking as the former de facto head of the Consumer Financial Protection Bureau returns to Harvard Law School.

Comments due Aug. 10 on mortgage forms, Round 3

Comments are due Wednesday, August 10, for Round 3 of the CFPB’s “Know Before You Owe” project, the result of which will be a new, combined Truth in Lending/RESPA mortgage disclosure form.

With Cordray’s hearing postponed, Republicans block recess appointment

Richard Cordray’s confirmation hearing has been postponed until Sept. 6, and until then House Republicans plan to hold pro forma sessions to prevent President Obama from naming Cordray the CFPB director via a recess appointment.

Proposed Rule Makes Three Key Changes to AMTPA

The CFPB has published for public comment an interim final rule regarding the Alternative Mortgage Transaction Parity Act (AMTPA). Public comments on the rule are due Sept. 22, 2011.

Warren’s departure opens ‘new chapter’ at CFPB

Elizabeth Warren has left her post at the CFPB, and Raj Date has taken her place leading the agency as the U.S. Treasury’s special adviser until a director is confirmed.

(Story) Inside the org chart at the Consumer Financial Protection Bureau

Given that only a basic CFPB organizational chart – without names – exists on the agency’s web site, CFPB Journal did some digging to offer a more thorough look at the other leaders and staff members who will shape the bureau going forward.

CFPB ready to be ‘cop on the beat’

“Starting on July 21, we will be a cop on the beat — examining banks and protecting consumers,” said Elizabeth Warren, Harvard professor and special adviser to the Treasury Secretary, in a July 12 Treasury Department press release.

As acting head of the Consumer Financial Protection Bureau, Warren outlined the agency’s big bank supervision approach beginning July 21.

CFPB’s proposed disclosures raise questions within lending industry

The Consumer Financial Protection Bureau’s proposed mortgage forms are generating just as many comments as they are kudos – from individual lenders, industry trade associations, consumer groups, vendors, and the many others they will impact.